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    Reference: 20180329
    Release date: 25 October 2019

    Promoter – Financial Intermediary

    UNICREDIT BANK SRBIJA AD BEOGRAD

    Location

    Description

    The project consists of a loan facility with UniCredit Bank Srbija A.D. focused on supporting local businesses who commit to generate greater socio-economic impact and sustainable growth in Serbia.

    Objectives

    The project supports SMEs and mid-caps who commit to generate positive socio-economic impact and contribute towards strengthening economic resilience and sustainable growth in Serbia. The operation aims to enhance the prospects of more resilient and inclusive growth, by creating sustainable employment opportunities and encouraging social inclusion, particularly for young people and women. An improved economic resilience of Serbia would make both the local and hosted communities less vulnerable to shocks and crises as well as address some of the potential drivers of immigration.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 34 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 22/06/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Serbia Credit lines